BOK national audit
'General-purpose CBDC not under review'
Bank of Korea Governor Shin Hyun-song shrugged off concerns Monday about privacy risks tied to Project Han River, saying there was "nothing to worry about."
Shin made the remarks at a national audit by the National Assembly's Finance and Economy Planning Committee in response to a question from Reform Party lawmaker Lee Jun-seok, who said some people were spreading claims that Project Han River was an attempt to introduce a central bank digital currency. "The Bank of Korea did examine a general-purpose CBDC once, but has not done so since 2023," Shin said.
"What we are currently working on with Project Han River is building a tokenized version of the existing two-tier monetary regime, focused on institutional digital currency," he said.
kimstar@heraldcorp.com
